By Pattrick Smellie Nov. 5 (BusinessDesk) - Electricity generator and retailer MightyRiverPower has signalled it may face additional costs associated with its Chilean geothermal assets, for which it has failed to find a buyer and may require spending on site remediation, chief...

By Pattrick Smellie Nov. 5 (BusinessDesk) - The Green Party has stolen a march on the government by announcing a new package of policies to encourage the adoption of electric vehicles, getting in ahead of Transport Minister Simon Bridges who intended to announce a new EV polic...

By Pattrick Smellie Nov. 3 (BusinessDesk) - Electricity consumers are subsidising the tiny proportion of people who have solar electricity generation on their rooftops because of the outdated way that local electricity network monopolies charge for the use of their wires, says...

By Pattrick Smellie Nov. 2 (BusinessDesk) - Entrenched government disquiet with current urban planning practice is behind a further Productivity Commission inquiry into regulation of urban land, which observers believe could see the Resource Management Act's planning functions...

By Pattrick Smellie Oct. 30 (BusinessDesk) - Tauranga-based utility Trustpower announced flat earnings for the first half of the year on an underlying profit after tax basis, reporting a 1 percent uplift on the same period last year at $68.3 million. The result included a $...

By Pattrick Smellie Oct. 29 (BusinessDesk) - Veritas Investments, the food and beverages retailer, says it had no success selling Mad Butcher outlets currently for sale and that the cut-price meat chain continues to face a "challenging" environment. However, it remains on t...

By Pattrick Smellie Oct. 29 (BusinessDesk) - State-owned KiwiRail is pressing the New Zealand Transport Authority to take over funding the national railway network and believes it has Transport Minister Simon Bridges onside in a way not true of his predecessors, Gerry Brownlee...

By Pattrick Smellie Oct. 28 (BusinessDesk) - New Zealand Oil & Gas, Genesis Energy and Australian operator Origin Energy all stand to gain from what NZOG declared today was a 34.7 percent increase in "developed reserves" from the offshore Taranaki oil and gas field, Kupe. T...

By Pattrick Smellie Oct. 27 (BusinessDesk) - Nicky Hager , the author of the "Dirty Politics" book, says he "fully intends to explore all options open to him" now that Westpac Banking Corp's release of his banking records to the police without a court order has become public....

By Pattrick Smellie Oct. 26 (BusinessDesk) - By Margreet Dietz Oct. 26 (BusinessDesk) - The US Federal Reserve two-day policy meeting starting this Tuesday forms the key focus in the coming days after central banks in the euro-zone and China helped bolster financial markets...

By Pattrick Smellie Oct. 23 (BusinessDesk) - The tax department is using big data analysis to "reliably predict customers who are highly unlikely to file GST returns on time" and try to help, while its investigators will be singling out "high-income individuals, in particular...

By Pattrick Smellie Oct. 21 (BusinessDesk) - Contact Energy has appointed Victoria Crone, managing director of accounting software firm Xero, as a director as the power company continues to refresh its board following the selldown by former majority shareholder Origin Energy i...

By Fiona Rotherham Oct. 21 (BusinessDesk) - Sky TV has warned shareholders today of a forecast drop in net profit of between $14 million and $16 million for the 2016 year due to higher costs rolling out new services and increased programming costs, including for the Rugby Worl...

Oct. 21 (BusinessDesk) - The government's new national environmental reporting regime has kicked off with a benchmark report covering known data for five key areas, with highlighted findings including declining freshwater quality through intensively used land and three-quarters o...

By Pattrick Smellie Oct. 21 (BusinessDesk) - The government should be allowed to force local authorities to release land for urban development in the face of rampant house-price inflation and current land allocation policies cause "a number of harmful social effects", the Prod...

By Pattrick Smellie Oct. 20 (BusinessDesk) - Global efforts to combat climate change should focus first on eradicating carbon dioxide emissions, while less action on agricultural greenhouse gases is justified in the short term, a New Zealand climate change scientist says. A...

By Pattrick Smellie Oct. 9 (BusinessDesk) - New Zealand will still be able to make its foreign investment rules "more restrictive" under the Trans-Pacific Partnership, according to a Ministry of Foreign Affairs and Trade guidance note, opening up a way for the Labour Party to...

By Pattrick Smellie Oct. 6 (BusinessDesk) - Senior Labour Party politicians are waiting for the detail of the Trans Pacific Partnership trade and investment pact before declaring whether it breaches any of the five "bottom lines" the party says the TPP must meet before decidin...

By Pattrick Smellie Oct. 6 (BusinessDesk) - The New Zealand government faces a tough job defending the outcome of the Trans-Pacific Partnership trade and investment agreement, in which it gained limited new access into the highly protected dairy markets of the US, Canada, Japa...

By Pattrick Smellie Oct. 6 (BusinessDesk) - Twelve Pacific Rim nations have reached a deal on the controversial Trans-Pacific Partnership in the American city of Atlanta, ending more than five years of negotiations to create the largest trade and investment pact since the Urug...

By Pattrick Smellie Oct. 5 (BusinessDesk) - Intensive negotiations are going on into the late evening in Atlanta, Georgia, as trade ministers from the 12 nations seek to conclude the Trans-Pacific Partnership trade and investment pact, seven years after talks first began. A...

By Fiona Rotherham Oct. 5 (BusinessDesk) - Wairoa meat workers who’ve refused to sign individual contracts with Talleys Group-controlled meat processor Affco New Zealand packed the public gallery of the Employment Court today in a hearing on a long-running stoush between the c...